CFO Moves: Detroit, University of Pittsburgh, FactSet - CFO Journal.

By Anonymous

The city of Detroit said Chief Financial Officer John Hill will leave his post by the end of December. Mr. Hill was hired in 2013 to oversee the city's financial restructuring after the automobile capital filed the country's largest-ever municipal bankruptcy case.

The University of Pittsburgh named Hari Sastry as chief financial officer and vice chancellor. He succeeds Arthur Ramicone, who has served as CFO since 2010 and announced his retirement in February.

Mr. Sastry is currently the director of the Office of U.S. Foreign Assistance Resources at the U.S. Department of State, a role he has held since Oct. 2014. Prior to that, he has served as deputy assistant secretary for resource management at the U.S. Department of Commerce.

FactSet Research Systems Inc., the Norwalk, Conn. financial data provider, released compensation details for Helen Shan, who became chief financial officer effective Sept. 1. As previously announced, she succeeds Maurizio Nicolelli who stepped down from his role on Aug. 31 after more than two decades with the company.

Ms. Shan will receive an annual base salary of $300,000 and a target annual performance cash bonus of $550,000 for fiscal 2019. She will also receive a $225,000 signing bonus payable in Sept. 2018, and a one-time stock option award on Sept. 28 with an aggregate grant date fair value of $750,000 per the company's stock option and award plan. The award will vest at 20% per year over the next five years, provided continued employment. Ms. Shan will also receive an annual equity award with a grant date value of $400,000, according to a regulatory filing.